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REAL ISSUES. REAL ANSWERS: Controlling Insurance Costs

“We devote more time educating our employees on how rising insurance costs impact them, and how they can help prevent rising costs.”


“Shop different companies. Employees pay larger share for health insurance.”


“We have moved our workers comp, general liability, and auto coverages into a captive program, and are exploring the possibility of doing the same with our health insurance.”

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“We’ve learned that loss control, safety and risk management aren’t optional. If we want to control our insurance costs, they are musts.”


“Mandatory safety meetings and classes for all employees and management. We are now self-insured for medical.”


“Explore every coverage option, from multiple providers, to find what makes the most sense.”

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“We are cutting back the percentage that our company pays for employees’ health insurance premiums. We currently pay 85% of employees and 60% of dependents. Our cost of health insurance went up 15% this year, and basically 100% since they first started talking about Obamacare. The problem is, with Obamacare, our employees’ deductible is $4k.”


“Reducing accidents in every fashion we can come up with.”


“Higher deductibles, employees now pay part of their health insurance. Employees are removed from company health plan at 65. We do reimburse them $200/month toward the cost of their supplemental plans.”

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“We put each contract out to bid when coming up for renewal.”


“We are partially self-funded, but the insurance carrier keeps increasing the maximum amount that we have to cover. Our only steps are to pass more of the costs to the employees as a payroll deduction.”


“Our company is small, so we eliminated our health insurance coverage completely. We also reduced our business insurance coverage where we could.”


“Increase the deductible, the co-pay, and the prescription cost and get the employee to pay more as a percentage. Also increase the amount we pay towards a spouse and family.”


“We eliminated some positions.”


“Safety classes and instructions on OSHA’s voluntary inspections program. Also, we meet with the local Fire Marshal as well as our workers comp. representative on a regular basis.”


“We occasionally shop, but switching insurance companies is a pain!”


“We receive a discount by paying our premiums one year in advance.”


“There is nothing you can do with health insurance without affecting coverage levels, deductibles, etc.”


“2016 is the first year that we’ve EVER experienced zero increases in medical insurance.”

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